Streetbeat News

Revenues

AAPL

AMC

BOX

CAVA

GME

NVDA

QQQ

SPY

Wall Street is expected to open slightly higher after the Memorial Day weekend, with tech and meme stocks showing gains. The SEC's transition from T+2 to T+1 settlement cycle aims to reduce trade risks. Key economic data and Fed speeches will influence market sentiment this week. Nvidia's earnings have boosted tech stocks, while GameStop and AMC saw significant premarket gains. Box and CAVA Group are set to report quarterly results after market close.

Portfolio Pulse from Shanthi Rexaline

May 28, 2024 | 11:27 am

AAPL

Apple shares are trading higher after it was reported that iPhone shipments in China increased 52% in April.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:25 am

GROY

Gold Royalty Corp. (GROY) has entered into an agreement with National Bank Financial and BMO Capital Markets for a $30 million bought deal financing. This move is expected to provide the company with additional capital to support its growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:10 am

MOB

Mobilicom has received its third consecutive commercial scale order from the US defense industry, indicating strong demand and potential growth in its defense sector operations.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:08 am

GLNG

Golar LNG (NASDAQ:GLNG) reported Q1 sales of $64.959 million, missing the analyst consensus estimate of $79.190 million by 17.97%. This represents a 12.18% decrease from the same period last year. The company exits the quarter with cash and equivalents worth $548 million.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:06 am

BLRX

BioLineRx announced that its cash, cash equivalents, and short-term bank deposits of $28.2 million will be sufficient to fund operations into 2025. This amount excludes $6.0 million from a direct offering and a $20.0 million drawdown from a loan agreement with BlackRock, both completed in April 2024.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:06 am

PYPL

PayPal Holdings Inc. (NASDAQ:PYPL) is launching an advertising business leveraging its vast user data. The company has hired Mark Grether, former head of Uber’s advertising unit, to lead this new division. This move aims to capitalize on PayPal's extensive data from user purchases and spending behaviors to create an ad network. PayPal's first-quarter profit increased, and the company raised its outlook for the year.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 11:04 am

EOG

SHEL

BP, Shell, and EOG Resources have placed bids in Trinidad and Tobago's 2023 shallow water auction, which closed with no other bidders. The auction saw bids for four blocks, with winners to be announced in four months. Trinidad's government had revised fiscal terms to attract more bids after a failed 2019 round.

Portfolio Pulse from Lekha Gupta

May 28, 2024 | 10:42 am

NVDA

SPY

USO

U.S. stock markets closed higher on Friday, driven by positive economic data and Nvidia's strong earnings. The Nasdaq marked its fifth consecutive weekly increase. In contrast, Asian and European markets dipped, while crude oil prices advanced towards $80 per barrel.

Portfolio Pulse from Akanksha Bakshi

May 28, 2024 | 10:40 am

ITRN

Ituran Location and Control Ltd. (ITRN) has reiterated its 2024 EBITDA expectations to be between $90M-$95M and targets 2025 EBITDA to surpass $100M. The company also expects to add 35,000 to 40,000 net new subscribers per quarter in 2024. These targets are based on current exchange rates and assume no significant worsening in the global macro-economic and political situation in Israel.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:37 am